Plot Analysis Summary
An undercover investigation uses a released counterfeiter to expose a counterfeit-money operation, ending in betrayal, violence, and pursuit.
Story Structure — 5 Plot Phases
Parole Into The Trap
The Treasury releases Stewart through a staged escape so he can help locate the counterfeit operation. Stewart escapes supervision, but the secret service continues monitoring him.
Key Events
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Treasury Seeks Counterfeit Source — The Treasury seeks the source of high-grade counterfeit currency and its missing plates. Characters: Tris Stewart, Agent John Downey
Location: U.S. Treasury Department
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Parole Through Fake Escape — Stewart accepts early parole through a staged jail break to help locate the counterfeiters. Characters: Tris Stewart, Agent John Downey
Location: Prison
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Stewart Escapes Supervision — Stewart betrays the supervising agent and escapes, though the secret service anticipates his movements. Characters: Tris Stewart, Agent John Downey
Location: Los Angeles
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Apartment Surveillance Begins — The secret service bugs the apartment connected to Stewart's girlfriend and monitors developments. Characters: Agent John Downey
Location: Los Angeles apartment
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Hackett Enters The Restaurant — Downey adopts the alias Johnny Hackett and poses as a wealthy, shady romantic prospect. Characters: Agent John Downey
Location: Restaurant
The Price Of Forged Money
Stewart discovers that Sylvester possesses the former plates and arranges to buy counterfeit bills. Lacking the required cash, he plans a restaurant robbery while Downey maintains his cover.
Key Events
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Hackett Enters The Restaurant — Downey adopts the alias Johnny Hackett and poses as a wealthy, shady romantic prospect. Characters: Agent John Downey
Location: Restaurant
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Stewart Learns About Sylvester — Stewart learns that his former plates were sold to Sylvester, now a bankrupt drunk. Characters: Tris Stewart
Location: Los Angeles
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The Counterfeit Offer — Stewart asks Sylvester for $250,000 in counterfeit bills and must provide $25,000 cash. Characters: Tris Stewart, Jack Sylvester
Location: Sylvester's location
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Restaurant Robbery Planned — Stewart plans to rob the restaurant to obtain the money required for Sylvester's sale. Characters: Tris Stewart
Location: Restaurant
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Police Interrupt The Robbery — A police car appears, Stewart is arrested, and Downey ensures that he is released. Characters: Tris Stewart, Agent John Downey
Location: Restaurant
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Stewart Recruits Hackett — After his release, Stewart offers Hackett great wealth if he will finance the counterfeit purchase. Characters: Tris Stewart, Agent John Downey
Location: Los Angeles
A Cover Begins To Fracture
Downey helps Stewart after the planned robbery is interrupted and becomes involved in the proposed purchase. A trial exchange succeeds, but an acquaintance exposes Downey's identity.
Key Events
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Stewart Recruits Hackett — After his release, Stewart offers Hackett great wealth if he will finance the counterfeit purchase. Characters: Tris Stewart, Agent John Downey
Location: Los Angeles
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Plain Paper Trial Exchange — Hackett meets Sylvester while Stewart and Hackett conduct a trial exchange using a box of plain paper. Characters: Tris Stewart, Agent John Downey, Jack Sylvester
Location: Meeting location
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Downey's Cover Is Recognized — An old acquaintance recognizes Hackett, and discussion of his background exposes his identity. Characters: Agent John Downey, Tris Stewart
Location: Restaurant
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Stewart Attacks The Agent — After discovering that Hackett is a cop, Stewart attempts to kill him but fails and returns to custody. Characters: Tris Stewart, Agent John Downey
Location: Los Angeles
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Downey Accelerates The Sale — With Stewart in custody, Downey decides to push the counterfeit sale through quickly. Characters: Agent John Downey, Jack Sylvester
Location: Los Angeles
The Warehouse Revelation
Downey accelerates the sale and travels with Sylvester to the printing location. The counterfeit box arrives, but the operation becomes unstable when Downey's cover is exposed again.
Key Events
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Downey Accelerates The Sale — With Stewart in custody, Downey decides to push the counterfeit sale through quickly. Characters: Agent John Downey, Jack Sylvester
Location: Los Angeles
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Drive To The Printing Site — Downey picks up Sylvester and drives toward the printing press while agents follow them. Characters: Agent John Downey, Jack Sylvester
Location: Road to the printing press
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The Tail Is Lost — Sylvester notices the pursuit, forcing Downey to lose the backup agents following their car. Characters: Agent John Downey, Jack Sylvester
Location: City streets
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Counterfeit Box Delivered — A large box of counterfeit bills is handed to Downey, who stalls for the backup team. Characters: Agent John Downey, Jack Sylvester
Location: Printing press location
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Cover Blown At Warehouse — The arrival of Stewart's girlfriend and a Sylvester employee causes Downey's cover to collapse again. Characters: Agent John Downey, Jack Sylvester
Location: Warehouse
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Warehouse Located By Radio Call — A motorcycle officer identifies Downey's car and radios information that lets agents locate the warehouse. Characters: Agent John Downey, Jack Sylvester
Location: Road outside the warehouse
The Final Electrical Chase
Agents locate the warehouse after a radio call, and Sylvester shoots Fredericks before attacking Downey. He flees into a streetcar barn and dies by electrocution, closing the case.
Key Events
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Warehouse Located By Radio Call — A motorcycle officer identifies Downey's car and radios information that lets agents locate the warehouse. Characters: Agent John Downey, Jack Sylvester
Location: Road outside the warehouse
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Sylvester Shoots Fredericks — Sylvester shoots Fredericks, arguing that cooperation with authorities could spread to her. Characters: Agent John Downey, Jack Sylvester
Location: Warehouse
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Downey Escapes Gunfire — Sylvester turns his gun on Downey, who flips a table toward him and runs for safety. Characters: Agent John Downey, Jack Sylvester
Location: Warehouse
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Police Storm The Warehouse — Police and agents swarm the warehouse, forcing Sylvester to flee. Characters: Agent John Downey, Jack Sylvester
Location: Warehouse
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Streetcar Barn Chase — A chase continues through a nearby streetcar barn as Sylvester tries to escape the authorities. Characters: Agent John Downey, Jack Sylvester
Location: Nearby streetcar barn
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Sylvester Dies By Electrocution — Sylvester meets his end by electrocution during the chase. Characters: Agent John Downey, Jack Sylvester
Location: Streetcar barn
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Counterfeit Case Closed — The counterfeit investigation is marked closed after Sylvester's death. Characters: Agent John Downey
Location: Los Angeles